Former FTX executive Ryan Salame has requested another delay in his prison sentence, citing ongoing medical treatment after a dog attack in June. This comes after a previous postponement in August.
Salame Seeks Further Prison Sentence Delay
Ryan Salame, the former co-CEO of FTX Digital Markets, has asked the court to push his prison surrender date from October 11 to December 7, 2024. His attorney filed the request, explaining that Salame still requires medical treatment after a severe dog bite. The injury, which occurred in June, led to emergency surgery, and doctors recommend continued care before he begins serving his sentence.
This is the second time Salame has sought a delay. His first request was granted in August, allowing him to postpone his original surrender date.
Government Opposes Second Extension
The U.S. government is not in favor of granting Salame’s second request for an extension. Although the court approved a previous delay in August, the government opposes the additional two-month postponement. Salame’s new request was filed just days before he was scheduled to begin his 7.5-year sentence for embezzlement and other crimes linked to FTX.
Salame’s Legal Troubles and FTX Collapse
Salame entered a plea deal in September 2023, admitting guilt to charges related to unlawful political contributions and running an unlicensed money transmission business. His sentencing stems from the broader investigation into the collapse of FTX, a cryptocurrency exchange founded by Sam Bankman-Fried. Bankman-Fried, who was sentenced to nearly 25 years in prison earlier this year, is just one of several FTX executives facing legal consequences. Others, including Caroline Ellison and Nishad Singh, also await sentencing.
Bankruptcy Developments and Customer Payouts
As Salame battles to delay his prison sentence, FTX’s bankruptcy proceedings continue to unfold. The collapse of the exchange left customers and creditors scrambling to recover billions of dollars in lost funds. Recently, U.S. bankruptcy judge John Dorsey approved a plan to distribute approximately $6.6 billion to FTX creditors, with the first payouts expected in the coming weeks.
